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How to Value Your Property Management Company

Posted by Mitchell Vinnitsky

With the economy finally recovering, now is a great time to sit down and figure out what your property management business is worth. Whether you plan on selling or not, it’s always good to have a clear, accurate and up-to-date picture of your company’s value. If you’ve never done a business valuation, this task can seem overwhelming. Here’s a step-by-step guide that should make the process a lot less cumbersome.

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Topics: Technology, Property Management, Business Growth, HOA, Customer Satisfaction, Automation, HOA management software

How to Value Your Property Management Company

Posted by Mitchell Vinnitsky

With the economy finally recovering, now is a great time to sit down and figure out what your property management business is worth. Whether you plan on selling or not, it’s always good to have a clear, accurate and up-to-date picture of your company’s value. If you’ve never done a business valuation, this task can seem overwhelming. Here’s a step-by-step guide that should make the process a lot less cumbersome.

Read More

Topics: Technology, Property Management, Tips, Business Growth, Organization, Automation, Profitability, Business

4 Simple Tips to Grow Your Property Management Business

Posted by Mitchell Vinnitsky

High on the list of priorities for most property management companies is ongoing growth. Whether it’s adding new properties to your portfolio or expanding into other types of properties, growing your business takes time, patience and perseverance. In the beginning, achieving growth can seem like an impossible goal. The good news is, it’s not. Better yet, it’s not even as difficult as you may think. Let’s take a look at four simple yet highly effective growth strategies below.

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Topics: Technology, Property Management, Tips, Business Growth, Engagement, Customer Satisfaction, Automation

Crafting the Perfect HOA Welcome Packet

Posted by Mitchell Vinnitsky

Moving into a new neighborhood can be stressful enough without having to also worry about community rules and logistics, like parking and trash schedules. As an HOA manager, you can alleviate a little of this chaos by providing new residents with a comprehensive welcome packet that they can review once they’ve settled in. This can help you set expectations early and create a positive experience right from the start. What should this packet include? Here’s what we recommend.

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Topics: Technology, Property Management, Business Growth, HOA, Customer Satisfaction, Organization, Automation, HOA management

Crafting the Perfect HOA Welcome Packet

Posted by Mitchell Vinnitsky

Moving into a new neighborhood can be stressful enough without having to also worry about community rules and logistics, like parking and trash schedules. As an HOA manager, you can alleviate a little of this chaos by providing new residents with a comprehensive welcome packet that they can review once they’ve settled in. This can help you set expectations early and create a positive experience right from the start. What should this packet include? Here’s what we recommend.

Read More

Topics: Technology, Property Management, HOA, Automation, HOA management

4 Property Management Technology Trends to Prepare For

Posted by Mitchell Vinnitsky

Admittedly, the property management industry has been somewhat slow to respond when it comes to technological advancements. The uncertainty and disruption of this past year, however, has pushed many businesses out of complacency and forced them to look for creative ways to remain profitable.

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Topics: Technology, Property Management, Business Growth, Automation, Trends

What Kind of Fees Does a Property Manager Charge?

Posted by Mitchell Vinnitsky

For landlords and real estate investors, hiring a property manager is often a wise investment. In particular, when someone else is there to handle the day to day nitty gritty work, it frees them up to focus on other, more revenue-driving initiatives. Of course, delegating this work to someone else comes at a cost. Whether you’re a landlord considering the help of a property manager, or you’re interested in getting into the industry and are curious, here are some of the common fees you can expect.

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Topics: Property Management, Business Growth, Training, Community, Automation

5 Ways to Achieve Hands-Off Property Management

Posted by Mitchell Vinnitsky

One thing that surprises many new property managers is the amount of day-to-day work that’s involved in being successful. Many have this idea that they’ll simply be able to sit back, relax and collect all kinds of passive income. While it’s highly unlikely that you’ll be able to achieve this degree of autonomy, the good news is, there are some things you can do to shorten your to-do list and make your professional life infinitely easier.

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Topics: Technology, Property Management, Business Growth, Organization, Automation

Mastering the Art of the Tenant Pre-Screening Call

Posted by Mitchell Vinnitsky

Prescreening prospective tenants is a critical task of property managers and landlords. Done correctly, it’ll help you weed out individuals who are not good candidates and improve your odds of signing someone who is reliable and long-term. One mistake many property owners make, however, is not starting the screening process early enough. By screening over the phone, before showing your vacancies, you can save yourself a ton of time. That said, here’s what we recommend.

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Topics: Technology, Property Management, Business Growth, Automation

How to Optimize HOA Board Meetings

Posted by Jessica Galeano

Because homeowners associations function similar to corporations, they are required to hold regular meetings with relevant stakeholders. These board meetings are critical to ensuring that the HOA is managed properly and remains in compliance. To get the most out of HOA board meetings and optimize everyone’s time, here are a few tips to make the process as effective and efficient as possible.

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Topics: Technology, Property Management, HOA, Automation

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